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much as implied by the entire fiscal cliff. i think that is probably the underlying assumption that most people talk when they made their projections. you're absolutely right that there is a lot of uncertainty right now and of the fiscal cliff situation turns out to be innate way to resolve the differently than we suspect, you will see different forecasts. >> could you talk about whether the decision to maintain the monthly bond purchases at $85 billion per month represents a ramping up of that policy? you could be adding more to the balance sheet now. also, you talked about maintaining the asset purchases in light of the improvement in the labour market. you got this 6.5% inflation threshold out there. can you talk about what evidence you see to change the pace or slow the pace? >> the first part of your question was -- >> is this an additional stimulus? >> no, i think this is a continuation of what we said in september. we expressed dissatisfaction with progress in the labour market. at that point, we began the $40 -- $40 bil
much as implied by the entire fiscal cliff. i think that is probably the underlying assumption that most people talk when they made their projections. you're absolutely right that there is a lot of uncertainty right now and of the fiscal cliff situation turns out to be innate way to resolve the differently than we suspect, you will see different forecasts. >> could you talk about whether the decision to maintain the monthly bond purchases at $85 billion per month represents a ramping up...
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obama wins either way, he wins if negottion go his way or if we go or the fiscal cliff, either way, america loses. not so fast, i think we have choices. that is it for us, thank you, we'll see you tomorrow night goodight from new york. neil: think fat cats are still angry at the president? t chance, what if i told you a lot of sucking up to the talk abo off the wall or ould i say off the wall street, welcome neil cavuto here, and charlie gparino had it right, there is no squirmier, bunch than those on wall street. they were throwing any money they had to make sure that barack obama would be a one term, but now all but core coreon core -- cronning him all some with betwnmperor a king. a growiumr of financial types figuring nowhat the president is in, best both ses sort things by caving in. on everything from higher taxes r t rich, that is fine. higher investment related taxes onveryone, have at it. more stimulus, why not why this folding like a cheap suit now? maybe because the financial suits figure to go along so just getlong. i think at electns have consequences, i did not think th wall s
obama wins either way, he wins if negottion go his way or if we go or the fiscal cliff, either way, america loses. not so fast, i think we have choices. that is it for us, thank you, we'll see you tomorrow night goodight from new york. neil: think fat cats are still angry at the president? t chance, what if i told you a lot of sucking up to the talk abo off the wall or ould i say off the wall street, welcome neil cavuto here, and charlie gparino had it right, there is no squirmier, bunch than...
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Dec 13, 2012
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are we going to go up the fiscal cliff? ist a mountain or a clip? somebody has to do something. >> everyone is fighting over tax incrses and tax hikes. i get that. we need to find something they agree on. we need to take the pieces of the puzzle into them together. tracy: yes, they end up using every dollar that they have and there is nothing left at the end of the day. it is almost how we feel is the american people watching us. they are just waiting our money while they are fighting. >> where has everyone been the last two years? that is the biggest problem. can you get to economize everyone feels okay with? a really good compromise from both parties is important. it is an actual compromise. an amicable resolve. i think sitting here watching the news, sitting in sending an agreement, who knows what would happen? time is ticking. tracy: have there been any glaring mistakes that they have made in the compromising proces >> well, i think that people are coming from a viewer standpoint, they are saying, okay, if you're not showing all your cards. we w
are we going to go up the fiscal cliff? ist a mountain or a clip? somebody has to do something. >> everyone is fighting over tax incrses and tax hikes. i get that. we need to find something they agree on. we need to take the pieces of the puzzle into them together. tracy: yes, they end up using every dollar that they have and there is nothing left at the end of the day. it is almost how we feel is the american people watching us. they are just waiting our money while they are fighting....
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this fiscal cliff. the republicans, as i mentioned, they are not mounting any kind of response to the charge by the administration. >> not surprising. the republicans have been known for as long time as the stupid party, they are a hot mess, they came out of this elect on the losing end, they have done nothing to try to regroup, this affects every american's life and pocketbook, they still can't get it together with a coherent message based on their core principals, economic freedom, and liberty, if you can't stand for those, and fight for them, they have no business being one of the two major political parties. >> monica is right, the republicans have allowed obama to ccntrol the debate, we have the morale high ground and our plan, obama in 2011 talking about tax reform said we can -- we don't have to raise tax rates, we can lower tax rates by capping deducts. he said that. lou: where is coordinated action and rhetoric from the party? i'm talking about from mayors to governors. >> we have been great wi
this fiscal cliff. the republicans, as i mentioned, they are not mounting any kind of response to the charge by the administration. >> not surprising. the republicans have been known for as long time as the stupid party, they are a hot mess, they came out of this elect on the losing end, they have done nothing to try to regroup, this affects every american's life and pocketbook, they still can't get it together with a coherent message based on their core principals, economic freedom, and...
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the fiscal cliff is coming up. there are different factors that can move this market in the coming days. nicole: what if they just do not get it right or they come up with a plan that is not to anyone's likes on wall street? >> as each day goes on, we are getting little more bits and pieces of information that is leading that it will happen. do i think they will walk away from each other, i think smarter minds will prevail and understand the ramifications of a noncompliant outcome. nicole: all right. thank you so much, as always, for your insight. we have been trending higher. tracy: he did not even realize he quoted a paula abdul song. one step forward, two steps back. nicole: she said you quoted a paula abdul song stated don't even act like you are to young to remember it. we are the same age. ashley: the holiday season just got a little less for the season for ibm. >> merry christmas to you, too. if you work at ibm, the company matching the money that you put in and doing it over and over, they will do it at the
the fiscal cliff is coming up. there are different factors that can move this market in the coming days. nicole: what if they just do not get it right or they come up with a plan that is not to anyone's likes on wall street? >> as each day goes on, we are getting little more bits and pieces of information that is leading that it will happen. do i think they will walk away from each other, i think smarter minds will prevail and understand the ramifications of a noncompliant outcome....
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Dec 6, 2012
12/12
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we've got this negotiation for the fiscal cliff. if we go over the fiscal cliff, what is the impact to your business? >> well, there would be an impact on consumption, for sure. so when it comes to puma or mainstream brands in america in sports, there will be a for sure some consequences in terms of consumption. but i see that as an investment for the future. so it might be a little bit different from some of other ceos. we have to get over the fiscal cliff. let's not delay the thing. it needs efforts. let's make them short for a better future. i think we should be ready as a corporation, being ready for maybe a year of difficult market, difficult situation in the market because that is a ceiling on our growth in terms of economical growth as to be released. it's really me an investment for the future. >> you're seeing a similar situation in france where we're talking about the possibility of capital gains taxes and dividend taxes going much higher. what will that do to the investor class, to the entrepreneurialism that we're seeing
we've got this negotiation for the fiscal cliff. if we go over the fiscal cliff, what is the impact to your business? >> well, there would be an impact on consumption, for sure. so when it comes to puma or mainstream brands in america in sports, there will be a for sure some consequences in terms of consumption. but i see that as an investment for the future. so it might be a little bit different from some of other ceos. we have to get over the fiscal cliff. let's not delay the thing. it...
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>> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually, laboriously and certainly improving and with good numbers because if you look at thinge ia because if you look at thinge a greg gat euro zone debt, and you have political stability back now that the new team is in place so the volatility and the instability factors that are outside have reduced. the real threat that we have at the moment is really here with us and that can be addressed. >> but when you look at, i mean i understood that the european banks had sort of downsized or downgraded what they thought would be growth. you've got more than 11% unemployment in the euro zone, which is a good deal higher than here. >> yeah yeah. >> are those things threats to the u.s. economy or do you think the u.s. economy now is destabilizing or has the potential to destabilize the world economy? >> i think the u.s. economy, because it's a relat
>> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually, laboriously and certainly improving and with good numbers because if you look at thinge ia because if you look at thinge a greg gat euro zone debt, and you have political stability back now that the new team is in place so the volatility and the instability factors that are outside have reduced. the real threat that...
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Dec 11, 2012
12/12
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investing, the economy and the looming fiscal cliff. jpmorgan chairman ceo jamie dimon. carlyle group cofounder david rubenstein and a lot more. and it all starts tomorrow at 6:00 a.m. eastern on "squawk box." [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to squawk. happy monday. today in the "wall street journal" suggesting netflix could end up doomed with its success with children. netflix just for kids get more popular. companies like viacom get accurate. companies provide netflix with most of its content in a kids' focused section. the journal says at so
investing, the economy and the looming fiscal cliff. jpmorgan chairman ceo jamie dimon. carlyle group cofounder david rubenstein and a lot more. and it all starts tomorrow at 6:00 a.m. eastern on "squawk box." [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of...
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Dec 6, 2012
12/12
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who do you trust to handle the fiscal cliff? 48% believe president obama and republicans will reach an agreement but 43% say they won't. meantime, president obama is giving a stern warning to republicans who may be trying to use the debt ceiling as leverage. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which by the way we have never done in our history until we did it last year, i will not play that game. >> we should say that the president and house speaker john boehner did speak by phone yesterday. that was the first time in a week. no one is saying what the conversation was about. shortly after that call treasury secretary tim geithner went on cnbc and said the white house is ready to go off the cliff. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on
who do you trust to handle the fiscal cliff? 48% believe president obama and republicans will reach an agreement but 43% say they won't. meantime, president obama is giving a stern warning to republicans who may be trying to use the debt ceiling as leverage. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which by the way we have never done in our history until...
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Dec 11, 2012
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fiscal cliff. >>> gains for most european stocks yesterday outside of italy. and we sort of continued that trend today. the xetra dax just about on its 52-week high. the cac 40 hit a 52-week high yesterday. the xetra dax up around .the %. yesterday, we saw a real back up in yields at the ten-year level sustained for italy. really across the curve. today, we're seeing a bit of a rebound in place. yield falling 5.55%. italy, down to 4.8%, just about. bund yield is moving a little higher. pretty much a mirror image of what we were looking at yesterday, ross. >> tourism in the region has declined, but how badly has the travel sector been hit? the value of tourism as an industry still represents 5% of gdp. but european market share continues to fall off in the last decade, for more, we have the ceo of the european travel commission joining us. why have we seen europe shares of the global market? >> this is a normal process. new destinations for lastin america, korean nations, they have been improving in
fiscal cliff. >>> gains for most european stocks yesterday outside of italy. and we sort of continued that trend today. the xetra dax just about on its 52-week high. the cac 40 hit a 52-week high yesterday. the xetra dax up around .the %. yesterday, we saw a real back up in yields at the ten-year level sustained for italy. really across the curve. today, we're seeing a bit of a rebound in place. yield falling 5.55%. italy, down to 4.8%, just about. bund yield is moving a little higher....
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the world ending or the fiscal cliff? >> about the same i think. >> one could bring about the other. >> i think it's no accident they're both approaching. that's how i'm going to read the tea leaves. as you see, a mixed picture this morning. people mostly waiting on the fed decision later today. the major boards green, the ftse adding .25%. the same for the xetera dax and idex. we saw the news of monti's resignation on monday. they've recovered from then. wanted to show the ibex 35, up .3% in spain. there was an italian debt auction that went over well. that's helping sentiment. the owner of zara, one of the strongest retailers in europe, out with sales. you see that their shares are down. even though their nine-month sales figure was up 17% year on year, they said so far in the fourth quarter that figure was slowing to something in the range of 15%. so still a strong set of figures from inbitex. if you're concerned about the consumer, but not as strong as we have seen in the past. that's what's happening in spain. i want
the world ending or the fiscal cliff? >> about the same i think. >> one could bring about the other. >> i think it's no accident they're both approaching. that's how i'm going to read the tea leaves. as you see, a mixed picture this morning. people mostly waiting on the fed decision later today. the major boards green, the ftse adding .25%. the same for the xetera dax and idex. we saw the news of monti's resignation on monday. they've recovered from then. wanted to show the...
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Dec 7, 2012
12/12
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it is part of the so-called fiscal cliff. tomorrow morning we will look at the expiring unemployment benefits. or first guest is josh boak. "washington journal" is live every day on c-span at 7:00 a.m. eastern. >> the chiefs of staff had to make the plan for the invasion of japan without considering the atomic bomb. it was estimated that it would cost $750,000. 500,000 would be maimed for life. >> i choose to honor both the sacrifice of american servicemen find their way through the pacific and a little girl who died as a result of an atomic bombing. it is unimaginable what that must of been like to be close to that center were that fireball originated. >> follow the journey to hiroshima sunday on american history tv. that is the 9:00 p.m. eastern. >> at a hearing on the so-called fiscal cliff, economists agree the problem has to be resolved immediately to avoid pushing the country into recession. they disagreed on how to raise the needed revenue. center bob casey chairs this joint economic committee hearing. it is an hour an
it is part of the so-called fiscal cliff. tomorrow morning we will look at the expiring unemployment benefits. or first guest is josh boak. "washington journal" is live every day on c-span at 7:00 a.m. eastern. >> the chiefs of staff had to make the plan for the invasion of japan without considering the atomic bomb. it was estimated that it would cost $750,000. 500,000 would be maimed for life. >> i choose to honor both the sacrifice of american servicemen find their way...
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who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we take a dive off that cliff? even though president obama and john boehner chatted on the phone, there's still no deal. republicans are not amused. >> incredibly, many top democrats, including the president, seem perfectly happy. perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two side also come up with a deal. they've moved on already to plan b. the retired teacher in utah has put off plans to get a new car. brian chandler,
who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we...
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and in part, they cite the fiscal cliff. i think if you were out there, you would get answers that would not necessarily describe it correctly. >> it's a shame it's called fiscal cliff. and called radical tax increase. it was meant to cause a recession. the government felt in its infinite wisdom that -- >> you think it's a radical tax increase? >> i think so, yeah. i think you'll notice it in your paycheck for certain. >> that's absolutely for sure. >> your first check, second paycheck, then you get the chaos that bowles mentioned. and the chaos is, wow, i have much less to spend. i didn't know this was coming. alternative minimum tax being the silent killer who really understands how much more they have to pay, check at the end of the year. do the math. >> we saw it in the consumer sentiment numbers, and what it will be when the increases actually go through. most of that decline in sentiment that we saw on friday was from households earning more than $75,000. a higher income in this survey, households felt it the most, eve
and in part, they cite the fiscal cliff. i think if you were out there, you would get answers that would not necessarily describe it correctly. >> it's a shame it's called fiscal cliff. and called radical tax increase. it was meant to cause a recession. the government felt in its infinite wisdom that -- >> you think it's a radical tax increase? >> i think so, yeah. i think you'll notice it in your paycheck for certain. >> that's absolutely for sure. >> your first...
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Dec 11, 2012
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the winner, the fiscal cliff, 35%. what are people saying about the fiscal cliff? we have people write in, and i believe that's what we'll look at next. we'll look at the probability of a u.s. recession. that has come up. in part because of the fiscal cliff concerns. it was 19% back in march. a high of 36%. so we're halfway between the low and the high pretty much. this is a 13-month high for the probability of recession. now we want to show you what people are saying about the fiscal cliff, allowing the economy to go over the cliff would be extremely reckless, says donnelly. they're going out to try to help the unemployment rate. wall street doesn't believe it's going to happen. they do believe it will help lower mortgage rates and the unemployment rate and not a lot of help expected for the stock market. melissa? >> steve, thanks for that. that's interesting stuff there. >> nothing like getting your blood pressure up. liesman testing you live on tv. >> what do you think? wrong, wrong. brought back bad memories, huh, carl? 2013 housing market outlook this morning,
the winner, the fiscal cliff, 35%. what are people saying about the fiscal cliff? we have people write in, and i believe that's what we'll look at next. we'll look at the probability of a u.s. recession. that has come up. in part because of the fiscal cliff concerns. it was 19% back in march. a high of 36%. so we're halfway between the low and the high pretty much. this is a 13-month high for the probability of recession. now we want to show you what people are saying about the fiscal cliff,...
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Dec 8, 2012
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if our elected leaders don't do something about that looming fiscal cliff. and that is just the beginning. big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> welcome back. 16 minutes past the hour. no one can be sure if the white house and congress will steer the country away from that so called fiscal cliff, which now is just 24 days away. but it's probably a good idea for you and your family to be prepared just in case. earlier, i spoke with stephanie rule of bloomberg tv about what could happen if the deal is not reached. >> people talk about the cliff like it's this major event, which it is. but almost like a y2k. from a paycheck perspective, you will see less money in your paycheck if we do fall off
if our elected leaders don't do something about that looming fiscal cliff. and that is just the beginning. big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn...
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>> wait for it. >>> but first, the struggle over avoiding the fiscal cliff. new polling suggests support for president obama's position in the standoff with congressional republicans. >> the new associated press poll finds 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> now, if the nation goes over the cliff at the end of the year, it's going to affect everyone, including the unemployed, as abc's jonathan karl reports. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay our bills. >> reporter: she's been without a job for a year. her $450 a week unemployment check her life line. >> we won't be able to pay some of our bills and, i mean, you know, that's for christmas and things of that nature, probably off the table. >> reporter: she is not alone. without a deal, unemployment compensa
>> wait for it. >>> but first, the struggle over avoiding the fiscal cliff. new polling suggests support for president obama's position in the standoff with congressional republicans. >> the new associated press poll finds 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> now, if the nation goes over the cliff at the end of the year, it's going to affect...
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Dec 8, 2012
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now, about the fiscal cliff, john boehner's in town. that's relatively rare for him to stay in town on the weekend. the president was here, but there were meetings yesterday. nancy pelosi came in and out. no one saw her. we thought reading the tea leaves maybe there would be some movement. there was some movement. the president is playing golf. haven't seen hide nor hair of john boehner. >> mike viqueira, thank you, good sir. for more insight into where all of this is headed and whether there could be a breakthrough, i'd like to bring in david jackson, white house reporter for "usa today," and the politics writer for "roll call." appreciate your time. david, what's your sense right now? how far apart are the two sides? >> i think they're closer than a lot of people think because as mike just mentioned the dispute the size of the tax increase on the wealthy. both sides have said they want to negotiate what that rate may be. as far as the republicans are concerned, they want more commitment from the white house for spending cuts particula
now, about the fiscal cliff, john boehner's in town. that's relatively rare for him to stay in town on the weekend. the president was here, but there were meetings yesterday. nancy pelosi came in and out. no one saw her. we thought reading the tea leaves maybe there would be some movement. there was some movement. the president is playing golf. haven't seen hide nor hair of john boehner. >> mike viqueira, thank you, good sir. for more insight into where all of this is headed and whether...
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Dec 5, 2012
12/12
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tomorrow our joint economic committee will be engaged in a hearing on fiscal cliff issues. we'll discuss strategies to create jobs, we'll discuss the implications of the fiscal cliff, and what happens if we don't get some work done by the house to pass the middle-income tax cut. we have to continue to focus on middle-income families, their lives, their struggles and what we can do to ensure they have more dollars in their pocket to continue economic growth. with that, mr. president, i will yield the floor. and note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. schumer: mr. president? the presiding officer: the senator from new york. mr. schumer: i ask unanimous consent the quorum call be repealed. the presiding officer: without objection. mr. schumer: thank you, mr. president. first i want to thank my great colleague from pennsylvania, i enjoyed sharing a table last night with him and his beautiful, charming, intelligent wife, who he's lucky he would be the first to admit he's lucky to have married, and their four great girls
tomorrow our joint economic committee will be engaged in a hearing on fiscal cliff issues. we'll discuss strategies to create jobs, we'll discuss the implications of the fiscal cliff, and what happens if we don't get some work done by the house to pass the middle-income tax cut. we have to continue to focus on middle-income families, their lives, their struggles and what we can do to ensure they have more dollars in their pocket to continue economic growth. with that, mr. president, i will...
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Dec 11, 2012
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if the nation heads over the fiscal cliff. >> consumer spending will go down. that means you've got less customers. businesses get fewer profits. they hire fewer workers. you go on a downward spiral. >> reporter: the president met with house speaker john boehner at the white house. their face-to-face meeting in three weeks. neither side would offer any details from the discussion, which may be a good sign of modest progress. but a spokesman for the republican leader said boehner did not back down. his offer to the white house last week is still the gop's position in the fiscal cliff talks. that plan offers a total of $2.2 trillion in deficit reduction over the next decade, including $800 billion in new tax revenue, but no increases on the top 2% of taxpayers. that's where the stalemate seems to be centered. president obama insists taxes on the wealthy must go up. >> but when they start making a million or 10 million or 20 million, you can afford to pay a little more. >> reporter: several republicans indicated that's a concession they're willing to make. >> will
if the nation heads over the fiscal cliff. >> consumer spending will go down. that means you've got less customers. businesses get fewer profits. they hire fewer workers. you go on a downward spiral. >> reporter: the president met with house speaker john boehner at the white house. their face-to-face meeting in three weeks. neither side would offer any details from the discussion, which may be a good sign of modest progress. but a spokesman for the republican leader said boehner did...